Q3 2024 EPS Estimates for Equifax Inc. Decreased by Zacks Research (NYSE:EFX)

Equifax Inc. (NYSE:EFX) – Stock analysts at Zacks Research dropped their Q3 2024 EPS estimates for Equifax in a research note issued on Monday, April 22nd. Zacks Research analyst S. Goswami now forecasts that the credit services provider will post earnings of $1.96 per share for the quarter, down from their prior estimate of $2.00. The consensus estimate for Equifax’s current full-year earnings is $7.36 per share. Zacks Research also issued estimates for Equifax’s Q4 2024 earnings at $2.09 EPS, FY2024 earnings at $7.27 EPS and FY2026 earnings at $10.85 EPS.

Equifax (NYSE:EFX) last issued its quarterly earnings data on Thursday, April 18th. The credit services provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Equifax’s quarterly revenue was up 6.7% compared to the same quarter last year.

Several other brokerages have also recently issued reports on EFX. JPMorgan Chase & Co. decreased their price target on shares of Equifax from $290.00 to $273.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Evercore ISI raised Equifax from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $210.00 to $310.00 in a research report on Tuesday, February 13th. Truist Financial lifted their target price on Equifax from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Stifel Nicolaus increased their price target on Equifax from $208.00 to $289.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, TheStreet raised Equifax from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Equifax has a consensus rating of “Moderate Buy” and a consensus price target of $270.19.

Equifax Stock Performance

Equifax stock opened at $226.24 on Thursday. The business has a 50 day moving average of $255.40 and a 200-day moving average of $232.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.67. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10. The company has a market capitalization of $27.96 billion, a P/E ratio of 50.39, a P/E/G ratio of 1.94 and a beta of 1.51.

Equifax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 22nd. Equifax’s dividend payout ratio (DPR) is currently 34.74%.

Hedge Funds Weigh In On Equifax

Institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its stake in Equifax by 2.7% during the 4th quarter. New York State Common Retirement Fund now owns 330,453 shares of the credit services provider’s stock worth $81,718,000 after buying an additional 8,668 shares during the period. OLD National Bancorp IN lifted its holdings in shares of Equifax by 11.5% in the 4th quarter. OLD National Bancorp IN now owns 62,249 shares of the credit services provider’s stock worth $15,394,000 after purchasing an additional 6,418 shares in the last quarter. Tobam lifted its holdings in shares of Equifax by 37.2% in the 4th quarter. Tobam now owns 568 shares of the credit services provider’s stock worth $140,000 after purchasing an additional 154 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Equifax in the 4th quarter valued at $41,000. Finally, Parnassus Investments LLC raised its holdings in Equifax by 38.8% during the third quarter. Parnassus Investments LLC now owns 113,315 shares of the credit services provider’s stock worth $20,757,000 after buying an additional 31,686 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Equifax Company Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.